Aircraft Income Tax

If you use your aircraft for business you may be entitled to income tax deductions. The tax savings available depend on the nature of business use and the ownership structure. Each client is supported by a Legal Advisor, Tax Advisor and Paralegal. This team is responsible for service delivery under the engagement.

Advocate will assist in the development of the best available operational structure based on your specific facts, balancing numerous concerns, including: compliance with FAA noncommercial limitations; minimizing exposure to Federal Excise Taxes; providing operational flexibility; achieving the maximum federal tax deductions that your situation allows; controlling liability to the extent possible; and minimizing the impact of state sales/use taxes.

The Legal Advisor, supported by the Paralegal, forms entities, drafts purchase agreements, operating agreements, leases, management agreements and the like, and files them with the FAA when appropriate.

The tax advisor, working with the legal advisor, outlines recordkeeping requirements, reviews compliance, and prepares aircraft tax returns. This includes personal use computations, calculation of SIFL fringe benefit income and identifying potential expense disallowance associated with personal use.

Contact Us

Advocate Consulting Legal Group, PLLC. 3530 Kraft Rd. Suite 203 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.Privacy Policy. Terms of Use.